Moody National Bank Trust Division Takes $681,000 Position in Humana Inc. (NYSE:HUM)

Moody National Bank Trust Division purchased a new stake in Humana Inc. (NYSE:HUMGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,454 shares of the insurance provider’s stock, valued at approximately $681,000.

Other large investors have also modified their holdings of the company. Tcwp LLC acquired a new stake in shares of Humana in the first quarter valued at approximately $25,000. Riverview Trust Co acquired a new stake in Humana during the first quarter worth approximately $32,000. Bank of New Hampshire acquired a new stake in Humana during the first quarter worth approximately $36,000. CNB Bank acquired a new stake in Humana during the first quarter worth approximately $44,000. Finally, DeDora Capital Inc. acquired a new stake in Humana during the first quarter worth approximately $48,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUM has been the topic of a number of analyst reports. Loop Capital initiated coverage on shares of Humana in a research report on Thursday, June 16th. They set a “buy” rating and a $510.00 target price on the stock. SVB Leerink raised their target price on shares of Humana from $535.00 to $540.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Morgan Stanley raised their target price on shares of Humana from $453.00 to $494.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 2nd. Truist Financial raised their target price on shares of Humana from $550.00 to $570.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Credit Suisse Group set a $548.00 price target on shares of Humana in a research note on Tuesday, July 19th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $515.17.

Humana Stock Performance

Shares of HUM stock opened at $499.79 on Friday. The company’s fifty day simple moving average is $486.23 and its 200-day simple moving average is $459.25. Humana Inc. has a 52 week low of $351.20 and a 52 week high of $504.99. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.73. The company has a market cap of $63.25 billion, a PE ratio of 20.40, a P/E/G ratio of 1.48 and a beta of 0.77.

Humana (NYSE:HUMGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The insurance provider reported $8.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.67 by $1.00. Humana had a net margin of 3.52% and a return on equity of 18.42%. The firm had revenue of $23.66 billion for the quarter, compared to the consensus estimate of $23.44 billion. During the same quarter in the previous year, the firm posted $6.89 EPS. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts anticipate that Humana Inc. will post 25 EPS for the current year.

Humana Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be paid a dividend of $0.7875 per share. This represents a $3.15 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Thursday, September 29th. Humana’s dividend payout ratio (DPR) is 12.86%.

Humana Profile

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Humana Inc, together with its subsidiaries, operates as a health and well-being company in the United States. It operates through three segments: Retail, Group and Specialty, and Healthcare Services. The company offers medical and supplemental benefit plans to individuals. It also has a contract with Centers for Medicare and Medicaid Services to administer the Limited Income Newly Eligible Transition prescription drug plan program; and contracts with various states to provide Medicaid, dual eligible, and long-term support services benefits.

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Institutional Ownership by Quarter for Humana (NYSE:HUM)

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